MKVentures capital appoints new ceo, compliance officer

MKVentures Capital Limited announced key leadership appointments and re-designations during its board meeting on December 19, 2025. Sanket Rathi has been approved as the chief compliance officer (CCO) for a period of five years, effective immediately, aligning with RBI guidelines. His designation will also be revised to company secretary & chief compliance officer.

Additionally, Ajay Shah was approved as an additional director and subsequently as the managing director & chief executive officer (CEO), pending regulatory and member approvals. Shah brings 30 years of professional experience, including two decades as a senior investment banking partner at EY, where he advised on numerous landmark deals. Prior to EY, he worked at KPMG for about 10 years.

In a related move, Madhusudan Kela will be re-designated from managing director to non-executive, non-independent chairman of the company, subject to Ajay Shah's appointment as managing director & CEO. The board also authorized Sanket Rathi or any director to facilitate necessary regulatory applications with the Reserve Bank of India.